Executory Contracts And Unexpired Leases In Chapter 11 Bankruptcy Cases In Kansas City

A Chapter 11 debtor is usually is ensnared in one (or more) unmanageable contract or lease that will need to be either redrawn or rejected if the debtor is to get things back to a profitable situation.  Leases for use of equipment or services are common, as well as all types of contractual obligations, employment contracts, collective bargaining agreements, and franchise agreements.  Of course, there are also all types of real estate leases.  As part of a comprehensive plan of reorganization, a debtor can and should consider renegotiating or rejecting such leases as the situation may dictate.

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